Investment Opportunity: 5-Unit Property in Allentown with Income-Generating Potential! Unlock a unique investment in the heart of Allentown with this versatile 5-unit building designed to maximize rental income! This property includes one spacious apartment and four shared rooms, creating a perfect mix of traditional and co-living spaces. This setup caters to the growing demand for affordable, flexible housing options, ideal for students and young professionals seeking budget-friendly spaces. Diverse Income Streams: Maximize revenue with both private and co-living spaces, reducing vacancy risks and increasing occupancy. High Demand Rental Market: Allentown is growing, and there’s an increasing need for affordable housing options. Shared rooms appeal to young professionals and students looking for budget-friendly living, creating a consistent tenant pipeline. Efficient Management and Turnover: This property’s setup allows for efficient management and faster tenant turnover in shared rooms, making it easier to maintain high occupancy levels. Value-Add Potential: Minor upgrades could boost rents and enhance property value. Strong Market Fundamentals: Allentown’s job growth and revitalization create a high-demand rental market, perfect for a stable tenant base. This is an excellent opportunity to own an income-generating property that benefits from Allentown's rental demand trends and offers versatile leasing options for high returns.
Property Details
Property Features
Property Information:
Year Built: 1905
Living Area: 2,404 SqFt
Listing Office:
Office Name: Steel City Realty
Office Phone: (484) 895-9005
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 5
Total Bedroom Count: 5
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: None
Other
Directions Information:
Directions: Located in Allentown
Price Information
Listing Price Info
Price Summary:
List Price: $395,000
Price Per SqFt: $164/SqFt
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Housing Market Comparison
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Central Elementary School
829 W Turner St
Distance between this listing and this school0.61 miles
Public District Grades 1-5
4
/10
Ramos Elementary School
1430 W Allen St
Distance between this listing and this school0.65 miles
Public District Grades KG-5
4
/10
Union Terrace Elementary School
1939 W Union St
Distance between this listing and this school0.72 miles
Public District Grades KG-5
Nearby Schools
1
/10
Francis D. Raub Middle School
102 S Saint Cloud St
Distance between this listing and this school0.57 miles
Public District Grades 6-8
3
/10
Trexler Middle School
851 N 15th St
Distance between this listing and this school0.99 miles
Public District Grades 6-8
3
/10
Harrison-Morton Middle School
137 N 2nd St
Distance between this listing and this school1.40 miles
Public District Grades 6-8
Nearby Schools
2
/10
William Allen High School
106 N 17th St
Distance between this listing and this school0.54 miles
Public District Grades 9-12
2
/10
Building 21 Allentown
265 Lehigh St
Distance between this listing and this school0.83 miles
Public Magnet Grades 9-12
4
/10
Roberto Clemente Charter School
136 S 4th St
Distance between this listing and this school1.01 miles
The neighbors living near this home have an average income of $33,962. Typical income of Allentown, PA residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 22 S 13th St
What is the listing price of this property?
The listing price of 22 S 13th St property is $395,000.
What type of property is this?
The property 22 S 13th St is a townhouse located in Allentown City, Pennsylvania, 18102.
Is this property for sale now?
Active Listing: 22 S 13th St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 22 S 13th St has 5 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 22 S 13th St is 2,404 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 22 S 13th St is 1905.
This home is located at 22 S 13th St in Allentown City, PA and zip code 18102 in the Center City neighborhood. This 2,404 square foot home was built in 1905. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $395,000.
Over 61 listings were sold over their listed price in November 2024 in Allentown, PA. In the same period over 38 listings were sold below the listed price and 23 listings were sold for the listed price. Between October 2024 and November 2024, Allentown, PA real estate market has seen decrease in the number of listings by 18.5%. While the average time on the market in November 2024 was 23 days, the median list price was $290,329.
From Rocket Homes Real Estate and based on county public records data.